# GARMIN LTD (GRMN) FY2024 YTD Q3 Statement of Cash Flows

- Company: GARMIN LTD (GRMN)
- Period: 2023-12-31 to 2024-09-28
- Filing: Q3 FY2024 10-Q, filed 2024-10-30, accession number 0000950170-24-118582
- Page: https://plicit.ai/financials/grmn/fy2024-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/grmn-fy2024-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Dec 31, 2023 through Sep 28, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 30, 2023. Ending cash: Sep 28, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 30, 2023**: 1,694,156,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 948,581,000 US dollars. Net cash provided.
- **Unrealized foreign currency (gains) losses**: negative 25,486,000 US dollars
- **Amortization**: 30,849,000 US dollars
- **Accounts payable**: 124,315,000 US dollars
- **Accounts receivable, net of allowance for doubtful accounts**: negative 103,567,000 US dollars
- **Gain on sale or disposal of property and equipment**: negative 48,000 US dollars
- **Deferred income taxes**: negative 53,966,000 US dollars
- **Deferred costs**: negative 3,987,000 US dollars
- **Inventories**: negative 163,865,000 US dollars
- **Other current and non-current liabilities**: negative 6,987,000 US dollars
- **Income Taxes**: 13,737,000 US dollars
- **Depreciation**: 102,343,000 US dollars
- **Realized loss on marketable securities**: 29,000 US dollars
- **Deferred revenue**: 5,885,000 US dollars
- **Other current and non-current assets**: negative 47,413,000 US dollars
- **Net income**: 975,703,000 US dollars
- **Stock compensation expense**: 101,039,000 US dollars
- **Investing activities**: negative 190,765,000 US dollars. Net cash used.
- **Purchase of marketable securities**: negative 363,783,000 US dollars
- **Net cash from (payments for) acquisitions**: 5,011,000 US dollars
- **Other investing activities, net**: negative 458,000 US dollars
- **Purchases of property and equipment**: negative 108,869,000 US dollars
- **Redemption of marketable securities**: 277,334,000 US dollars
- **Financing activities**: negative 449,434,000 US dollars. Net cash used.
- **Purchase of treasury stock under share repurchase plan**: negative 29,278,000 US dollars
- **Proceeds from issuance of treasury shares related to equity awards**: 24,530,000 US dollars
- **Purchase of treasury stock related to equity awards**: negative 16,313,000 US dollars
- **Dividends**: negative 428,373,000 US dollars
- **Operating adjustment reconciliation**: 405,319,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 473,964,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 473,110,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 7,536,000 US dollars
- **Ending cash on Sep 28, 2024**: 2,010,074,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 2,650,273,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 315,918,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 0.97×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 948,581,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 108,869,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 839,712,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $948.58M of net income directly to operating cash and $27.12M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 948,581,000 US dollars minus 108,869,000 US dollars equals 839,712,000 US dollars.